Doha – Mubasher: Qatar General Insurance and Reinsurance Company (QGIR) said in a statement that it set 15 March for its ordinary general meeting (OGM) to resolve on the distribution of cash dividends at 15% of the share’s par value (QAR 1.5 per share) and 10% bonus share.
The Tuesday statement added, however, that the OGM’s consideration of those proposals can only follow a decision by the extraordinary general meeting, convening earlier on 15 March, to hike up the capital from QAR 795.52 million to QAR 875.07 million.
The OGM will also look into a report about the company’s businesses and its financial position in 2015.
In case the quorum is incomplete on 15 March, the meeting will be held a day after.
The Qatar-listed company earlier paid cash dividends at 20% of the share’s par value and 15% bonus shares for the fiscal year 2015, according to the company’s website.
The company’s share rose 0.57% in today’s mid-trading, as 5,500 shares were traded at QAR 287,400.
